221/3-11 Earl StreetLaunceston TAS 7250
Property Details for 221/3-11 Earl St, Launceston
221/3-11 Earl St, Launceston is a 1 bedroom, 1 bathroom Unit and was built in 1975. The property has a land size of 26m2 and floor size of 26m2. While the property is not currently for sale or for rent, it was last sold in March 2018.
Last Listing description (March 2018)
Phone enquiry code for this property: 5412
NOTE: Firstly, my sincere apologies for delays in replying between mid-Feb and mid-March 2018. Thank you for your patience!
This is an urgent self-managed superannuation fund sale.
Ideal investment property, with high net returns, growing each year in the booming Launceston tourist city.
Also for sale is exactly same unit type in Hobart, Tasmania and we're happy to negotiate with buyers interested in purchasing both properties.
According to Tourism Tasmania, Tasmanian visitors are increasing 7% per year (Source: http://www.tourismtasmania.com.au/research/visitors).
This tremendous investment is a room in the international Best Western Hotel chain.
Best Western has a secure, long-term lease until 2023 including paying all outgoings and 95% occupancy rate.
Property features include:
* Nothing to do, no costs, no outgoings!
* 6.4 % net return in FY 2017 ($9679) with 6.8 % growth in net rent from FY 2016 to FY 2017
* Centrally located in international 4.5 star Best Western Hotel
* Owners benefits include 4 free nights per year, "Best Western Rewards Program" and "Best Western Family and Friends" rates.
All documents for Best Western lease and last three annual returns are available on request.
Perfect to enjoy the low risk, long-term returns.
This investment property with secure, growing, high returns will not last long!
Phone enquiry code for this property: 5412
Property History for 221/3-11 Earl St, Launceston, TAS 7250
- 22 Mar 2018Sold for $135,000
- 03 Nov 2017Listed for Sale $150,000
- 26 Jul 2007Sold for $150,000
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0About Launceston 7250
The size of Launceston is approximately 4.5 square kilometres. There are 13 parks, covering nearly 16.4% of the total area. The population of Launceston in 2016 was 2944 people. By 2021 the population was 3110 showing a population growth of 5.6% in the area during that time. The predominant age group in Launceston is 20-29 years. Households in Launceston are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Launceston work in a professional occupation.In 2021, 46.80% of the homes in Launceston were owner-occupied compared with 48.20% in 2016.
Launceston has 3,725 properties. Over the last 5 years, Houses in Launceston have seen a 26.79% increase in median value, while Units have seen a 15.50% increase. As at 31 July 2026:
- The median value for Houses in Launceston is $873,912 while the median value for Units is $559,475.
- Houses have a median rent of $590 while Units have a median rent of $450.
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